BNY Mellon Reviews

Updated September 23, 2014
Updated September 23, 2014
1,238 Reviews
2.8
1,238 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BNY Mellon Chairman, President and CEO Gerald Hassell
Gerald Hassell
363 Ratings

Review Highlights

Pros
  • I also get to work from home when needed, making the work life balance easier to handle (in 116 reviews)

  • Many good benefits, however, management was not proactive in developing talent (in 61 reviews)


Cons
  • There is no room for GROWTH and the PAY SUCKS OVERALL (in 25 reviews)

  • All the hard works we done are not appreciated by the senior management of the company (in 49 reviews)

More Highlights

444 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Staff turnover rates and cost cutting measures are having an impact staff morale

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    For a single person with no family this is a good place to work. The working hours can vary across the bank so try and join a team which has reasonable working hours. Management have been very supportive over the years and if you work hard they will reward you with opportunities to grow within the organization.

    Cons

    Pay: after speaking with ex colleagues who have left the bank it seems that the pay levels and benefits are not as good as our competitors.
    Work/life balance: varies across the bank but in the location I work the turnover rate is high and as a result our work life balance is poor.
    Technology is poor and requires major investment.

    Advice to ManagementAdvice

    Pay: match the pay and benefits of our competitors.
    Training: invest heavily in the training of new and existing staff.
    Technology: invest in technology to improve productivity and reduce time consuming manual tasks.

  2.  

    It's OK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Orlando, FL
    Current Employee - Anonymous Employee in Orlando, FL

    I have been working at BNY Mellon full-time for more than 8 years

    Pros

    Great work/life balance in my department, but others differ.

    Cons

    Slow or negative growth makes it difficult to advance. Compensation and benefits are nowhere near as good as they used to be.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Former IT employee of over 10 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Specialist, Vice President  in  Pittsburgh, PA
    Former Employee - IT Specialist, Vice President in Pittsburgh, PA

    I worked at BNY Mellon full-time for more than 10 years

    Pros

    Many good employees to work with. Work/life balance is good if you are not in IT. Vacation time is one of the good things that are left. Decent 401k (no pension anymore however) Good employees can get decent bonuses (if you are liked by management and always say YES)

    Cons

    Recent cuts in benefits and pathetic raises compared to market. You are rated on a bell shaped curve based on what senior management wants the distribution to be, regardless of your actual performance. The goals set by senior management are not usually achievable so they can rate you however they like. You can expect layoffs every few years in favor of moving work out of the USA where they can pay employees 12x less. If you are a regular employee, do not expect to ever be moved into management, especially if you are a good performing employee.

    Every employee will hear "be thankful you have a job" from multiple managers since the BNY/Mellon merger

    In general, they will do anything to anyone to maximize profits and management will lie to you due to the internal politics. If you do accept a job there, make sure you document everything.

    Advice to ManagementAdvice

    Start actually listening to employees. Middle management does not pass reality up to senior management. Many managers have no problem throwing their employees under the bus for advancement.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    work experience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNY Mellon

    Pros

    friendly environment
    leadership position
    20 personal days and unlimited sick days.

    Cons

    hard to move up in position. company has a harsh policy in regard to moving up.

  6.  

    Could be Better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Work / Life balance is really good.

    Cons

    Monetary Rewards are limited even for high performers

    Positive Outlook
    No opinion of CEO
  7.  

    FMTS Ops Section Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - FMTS Ops Section Manager
    Former Employee - FMTS Ops Section Manager

    I worked at BNY Mellon full-time for more than 5 years

    Pros

    BNY has a great online training resource that I took advantage of while I was there.

    Cons

    There are many heritage organizations with their various subcultures, which were also impacted by the cultural norms of their specific locations. The company failed to articulate the acceptable culture for the organization in general. This lead to many confusing communication strategies.

    Advice to ManagementAdvice

    Re-define the corporate culture and provide the indoctrination and support to make it succeed.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BNY Mellon full-time

    Pros

    It is a professional atmosphere with friendly people to work with. All of the people I worked with were friendly, and the managers I worked with were all friendly and very helpful in my career. It is a work environment where you will get more work if you put in the hours

    Cons

    Upper management is continually trying to cut labor expenses, so people are getting laid off. The medical plan is awful, and the raises are very low.

    Advice to ManagementAdvice

    Try to care a little more about your coworkers and less about the bottom line NAV

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Good place to get your foot in the door

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at BNY Mellon

    Pros

    Great benefits and okay pay

    Cons

    Poor management and little room for growth

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Sr Financial Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Financial Analyst  in  Pittsburgh, PA
    Current Employee - Senior Financial Analyst in Pittsburgh, PA

    I have been working at BNY Mellon full-time for more than 3 years

    Pros

    opportunity for continual project involvement, reengineering operations, and Line of Business analytics. BNY Mellon continually give each of it's employees an opportunity to actively shape their career paths, gather a lot of change experience.

    Cons

    The finance department is unappreciated and the department and company is run on fear of being replaced, downside or misplaced. The only constant as in most banking establishment is "change" however, at this company change comes in form of a constant hail. Pay is sub par at least in Pittsburgh unless you are in direct client facing situation.

    Advice to ManagementAdvice

    The company is run like a head of headless chicken being shuffled between chicken coops. Communication is key, and keeping your employees in the loop rather than the dark would foster a positive environment rather than than one of fear

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Processing

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BNY Mellon

    Pros

    Great training for their employees.

    Cons

    Long hours but great benefits.

    Recommends
    Positive Outlook
    Approves of CEO

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